Solve the problem.

Baton Rouge Corporation

Presented here are cash flows (in $ Millions) for Baton Rouge Corporation's most recent fiscal year:

Cash received from:
Customers	$3,300
Interest on investments	700
Sale of investments	3,800
Sale of company's capital stock	460
Issuance of debt securities	2,900
Cash paid for:
Interest on debt	$375
Income tax	150
Principal payments on debt	1,300
Purchase of land	900
Payments to vendors	1,500
Dividends on capital stock	300
Operating expenses	750

Net cash flows provided (used) by financing activities are ________.

2.

Which of the following items would not appear in the operating section of the multiplestep income statement of a retailer

A. The cost of goods sold during the period

B. Depreciation expense related to store equipment such as cash registers and store fixtures

C. The gain or loss on the disposal of store equipment used in operations

D.Sales of products

3.

Which of the following is considered a permanent item when assessing earnings quality?

A.A loss on the sale of a machine which had been used in operations

B.A gain on discontinued operations

C.General and administrative expenses of the corporate headquarters

D.A gain of the disposal of a truck